The Sebeka Company reports the following information pertaining to the month of January. During January, the company purchased $60,000 of direct materials and incurred $80,000 of direct labor costs. Total manufacturing overhead costs for the month amounted to $25,000. Selling and administrative expenses amounted to $100,000, and the companys January sales amounted to $500,000. a. Prepare Sebekas schedule of the cost of finished goods manufactured. b. Prepare Sebekas income statement (ignore income taxes). Ending Beginning Balance Balance Materials $ 15,000 $ 45,000 Inventory Work in Process 30,000 70,000 Inventory Finished Goods 50,000 40,000 Inventory.